Colonie Diner | 1890 Central Ave
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Colonie Diner 1890 Central Ave
3,720 SF Retail Building Albany, NY 12205 $1,800,000 ($484/SF)
Investment Highlights
- Heavy Traffic
- Turnkey Business with tremendous following
- Operating Hours can be increased for increased revenue and meal options
- Excellent Location and Visibility
- Sale Includes Single Family Home at rear of property
- Single-story structure with asphalt shingles roof and municipal water supply.
Executive Summary
- *Business Included*: Sale includes the business, fixtures, furniture, and equipment, ensuring a seamless transition for new owners.
- *Operating Hours*: Currently open from 7 AM to 3 PM, offering potential for extended hours and increased revenue.
- *Building*: Single-story structure with asphalt shingles roof and municipal water supply.
- *Location*: Situated on a bustling main road with excellent visibility and accessibility.
POTENTIAL REDEVELOPMENT SITE
- *Operating Hours*: Currently open from 7 AM to 3 PM, offering potential for extended hours and increased revenue.
- *Building*: Single-story structure with asphalt shingles roof and municipal water supply.
- *Location*: Situated on a bustling main road with excellent visibility and accessibility.
POTENTIAL REDEVELOPMENT SITE
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,720 SF
Building Class
C
Year Built
1973
Price
$1,800,000
Price Per SF
$484
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.77 AC
Zoning
COR - Commercial-Office-Residential
Parking
77 Spaces (20.7 Spaces per 1,000 SF Leased)
Frontage
66 FT on Central Ave
Amenities
- Restaurant
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 012601-029-010-0002-002-000-0000 | Improvements Assessment | $299,000 |
| Land Assessment | $231,000 | Total Assessment | $530,000 |
PROPERTY TAXES
Parcel Number
012601-029-010-0002-002-000-0000
Land Assessment
$231,000
Improvements Assessment
$299,000
Total Assessment
$530,000
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Colonie Diner | 1890 Central Ave
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